India, the world's third biggest oil importer and consumer, currently pays for UAE oil in dollars but is looking to cut transaction costs by eliminating conversions

CITIC's Hong Kong platform is expected to demand its investment bankers move to the mainland with their pay lowered to local levels or face the prospect of losing their jobs, sources say

The city has set up a company to bail out its cash-strapped local government funding vehicles, sources say, after Xi ordered local officials to curb hidden debt

Investors are now hoping the strict rules that have stymied growth since late 2020 will start to ease, after China's central bank slapped a nearly $1 billion fine on Ant Group

Bankers said on Wednesday the RBI is calling for more lenders to take part in pilot programmes using the e-rupee in a bid to push the number of transactions to a million a day

Friday's $984 million fine on Ant Group, one of the largest ever for a Chinese internet company, is largely being seen as an end to Beijing’s tech crackdown

The announcement came a day after the group was fined $984 million in what is likely to be the end of a years-long regulatory crackdown on the once storied Chinese company

The penalty will pave the way for fintech giant to become a financial holding company and eventually allow it to revive its plan for a stock market listing.

The phone is the telecom giant’s latest attempt to tap into India’s massive and under-penetrated rural market where many are yet to migrate to smartphones

The Reserve Bank of India said the country's current account deficit stood at $1.3 billion or 0.2% of GDP in January to March, the fourth quarter of 2022/23 fiscal year

The deal is the latest unveiled after Prime Minister Narendra Modi’s visit to the US which also saw similar announcements from Micron and Applied Materials

Alibaba announces a leadership reshuffle as it moves to split into six units, with Zhang to head its precious cloud unit and co-founder Eddie Wu to become the group's new CEO in September